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HR 853 118th Congress House Health Advisory bodies Executive agency funding and structure Financial services and investments Government studies and investigations Government trust funds Medicare Social security and elderly assistance

Social Security and Medicare Lock-Box Act

Introduced: February 6, 2023 Introduced by: Walberg, Tim Republican · Michigan See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Social Security.
Feb 6, 2023
Introduced in House
Feb 6, 2023
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service

Social Security and Medicare Lock-Box Act

This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, a Medicare Surplus Protection Account.

The Managing Trustee of each trust fund (in both cases, the Secretary of the Treasury) (1) must transfer the annual surplus of the trust fund to its respective account; and (2) may not invest the balance in the account until a law takes effect that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations.

The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the trust funds, other than investments in the form of U.S. obligations.

What's happening now December 17, 2024

Referred to the Subcommittee on Social Security.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 853: Social Security and Medicare Lock-Box Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-853/
MLA
"H.R. 853: Social Security and Medicare Lock-Box Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-853/.
Bluebook (legal)
H.R. 853, 118th Cong. (2026), https://openamerica.io/bill/118-HR-853/.
Markdown link
[H.R. 853: Social Security and Medicare Lock-Box Act](https://openamerica.io/bill/118-HR-853/)
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